Spain 1878 (61) 10 Pesetas Restrike

Thank you very much for the reply. Could that be due to the fact it was restruck from old dies?

That information (NGC) is correct, during 1961 and 1962 Madrid mint restrike (or reproduced) those 10 pesetas coins using original dies (also size, gold richness and weight, 3,24 gr).
Digits in right star are 61? Mintage was only 496 for this year but for 1962 was 18.000 so price is different for 61 and 62.

But quality must be similar in both issues (original 1878 and 60,s).

Perhaps (and same price than 62 issued) it will be better try to buy an original gold coin, for example 25 pesetas 1877*77 DE M with a mintage over 10 millions.

Also, it is said that there is an oscure story about origin of that gold ... it could proceed from Germany during WWII as a payment for wolfram from Salamanca mines.

I am not familiar with these Alfonso XII coins or their restrikes. However, I am very familiar with the coins of Isabel II 1833-1868 and can attest that authentic gold coins of her time occasionally exhibited similar rim deficiencies.

In 1962 Spain's government mint in Madrid (F.N.M.T.) entered into an agreement with a private company, American Investment Trust of Vaduz (Liechtenstein), to produce restrikes of 10-, 20-, 25-, and 100-peseta gold coins using the original dies from Alfonso XII and Alfonso XIII coinage. AIT supplied the mint with 40 ingots of pure gold (16,000 ounces worth $560,000 at $35/ounce). The mint processed the gold into coins and returned 85% of the original bullion value to AIT, after subtracting for shrinkage and an agreed amount for profit. [Source: "Memoria expositiva de los trabajos realizados en la Fábrica Nacional de Moneda y Timbre durante el ejercicio 1962," p.19.]

FNMT's memoirs for the year 1961 record that the restrike project started in 1961 with the inventory and preparation of the dies to be used. Thus the restrikes carry the star dates of 19-61 as well as of 19-62.

According to Cayón Numismática in Madrid, AIT took advantage of a Spanish law that had never been repealed, that a party presenting gold bullion to FNMT had the right to have it minted into gold coins. ("...estas acuñaciones se deben a que una empresa extranjera se acogió a la ley española que permitía acuñar en oro todo el metal que se llevara a la Fábrica puesto que esta no había sido derogada nunca.")

AIT marketed the restrikes to collectors in Spain and elsewhere.

The restrikes are considered official Spanish government issues and are catalogued in all major reference guides.

@ johna
To the Forum.

Original text :
https://coins.www.collectors-societ...aspx?s=10794

Thanks, good news for the new owner. :)